Extraordinary Fees and Expenses Sample Clauses

Extraordinary Fees and Expenses. The Trust will pay all of its extraordinary fees and expenses, if any. Extraordinary fees and expenses are fees and expenses which are non-recurring and unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other unanticipated expenses. Such extraordinary fees and expenses, by their nature, are unpredictable in terms of timing and amount.

Extraordinary Fees and Expenses. Each Fund will pay all of its extraordinary fees and expenses, if any, as determined by the Managing Owner. Extraordinary fees and expenses are fees and expenses which are non-recurring and unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses shall also include material expenses which are not currently anticipated obligations of a Fund or of managed futures funds in general. Routine Operational, Administrative and Other Ordinary Fees and Expenses will not be deemed extraordinary fees and expenses. Such extraordinary fees and expenses, by their nature, are unpredictable in terms of timing and amount.

Extraordinary Fees and Expenses. The Parent and each of the Stockholders (up to each Stockholder’s Pro Rata Share) agrees, jointly and severally, to reimburse the Escrow Agent on demand for all costs and expenses incurred in connection with the administration of this Agreement or the escrow created hereby or the performance or observance of its duties hereunder which are in excess of its compensation for normal services, including without limitation, payment of any reasonable legal fees and expenses incurred by the Escrow Agent in connection with the resolution of any claim made by a party to this Agreement. Without altering or limiting the joint and several liability of the Parent and the Stockholders under this Section 7.2, the Parent and the Stockholders as a group shall each be responsible for one-half (1/2) of all amounts that become due to the Escrow Agent pursuant to this Section 7.2. The Escrow Agent shall periodically xxxx Parent and the Stockholders for such fees and expenses, as applicable. Notwithstanding anything herein to the contrary, the Escrow Agent shall have and is hereby granted a possessory lien on and security interest in the Escrow Fund, and all proceeds thereof, to secure payment of all amounts owing to it from time to time under this Section 7.2, whether now existing or hereafter arising. The Escrow Agent shall have the right to deduct from the Escrow Fund, and proceeds thereof, any such sums, upon two (2) Business Day’s notice to the Interested Parties of its intent to do so. If, pursuant to the preceding sentence, the Escrow Agent deducts any sums from the Escrow Fund as a result of Parent’s or the Stockholders’ failure to pay or reimburse the Escrow Agent for its fees and expenses as required by this Section 7.2, the party failing to make such payment shall indemnify the other party for the full amount deducted by the Escrow Agent as a result of such failure.